Update: Paulson Investment's 31st Annual Westergaard

Update:  Paulson Investment's 31st Annual Westergaard Conference to
Showcase Emerging Industry Leaders 
PORTLAND, OR -- (MARKET WIRE) -- 11/06/08 --  Paulson Investment
Company, Inc., a wholly-owned subsidiary of Paulson Capital Corp.
(NASDAQ: PLCC), today issued an updated list of companies confirmed
to present at Paulson Investment's 31st Annual Westergaard Conference
to be held next Wednesday, November 12, at the historic
Waldorf-Astoria Hotel in New York City.  Larry Kudlow, noted
economist and host of CNBC's "Kudlow & Company," returns as the
keynote luncheon speaker. 
Noted as one of Wall Street's most widely anticipated micro/small cap
events of the year, the Conference will showcase select small and
emerging growth companies focused on establishing leadership in a
broad range of industry sectors, including advertising and marketing
services, alternative energy, consumer products and services,
conventional energy, environmental responsibility, financial
services, healthcare, industrial, security and technology.  Founded
in 1978 by noted small cap analyst John Westergaard, this Conference
provides a venue for invited companies to share detailed insight into
their business operations, short and long term growth strategies and
industry vision. 
Registration for the Conference will open at 7:00 AM ET.  In
addition, prior to the commencement of featured company presentations,
an Analyst Forum will take place from 7:30 AM ET - 8:30 AM ET to
discuss how emerging market trends and prevailing market dynamics are
fueling or negatively impacting a wide range of industries. 
Attendees are also invited to a closing reception hosted by Paulson
Investment Company, Inc. from 5:30 PM ET - 7:30 PM ET. 
There is no cost to attend, however space is limited.  Investment
professionals planning to attend are strongly encouraged to
pre-register for the event.  For more information or to pre-register,
please visit www.westergaardconference.com. 

    WHEN:    Wednesday, November 12, 2008
             7:00 AM ET - 5:30 PM ET

    WHERE:   Waldorf Astoria
             301 Park Avenue (Between 49th and 50th)
             New York City

    KEYNOTE: Lawrence Kudlow is host of CNBC's primetime "Kudlow &
             Company," which airs nightly from 7:00 PM to 8:00 PM.  He is
             also the host of "The Larry Kudlow Show" on WABC Radio that
             airs Saturdays from 10:00 AM to 1:00 PM.  Larry Kudlow is
             Chief Executive Officer of Kudlow & Co., LLC, an economic and
             investment research firm.  He is also a nationally syndicated
             columnist and author.  Larry Kudlow is a familiar face in
             Washington and on Wall Street -- a renowned free market,
             supply-side economist armed with knowledge, vision and
             integrity acquired over a career spanning three decades.

The 2008 Conference will play host to a diverse group of companies
each scheduled to give multiple presentations throughout the day to
small, informal groups of investment professionals.  Confirmed
presenting companies, listed by industry sector, are: 

    Advertising and Marketing Services:
    'mktg, inc.' (NASDAQ: CMKG)

    Alternative Energy:
    China Energy Recovery, Inc. (OTCBB: CGYV)
    Power Air Corporation (OTCBB: PWAC)

    Consumer Products and Services:
    Enable Holdings, Inc. (OTCBB: ENAB)
    Healthy Fast Food, Inc. (OTCBB: HFFI)
    Smart Move, Inc. (NYSE Alternext U.S.: MVE)
    SOYO Group, Inc. (OTCBB: SOYO)

    Conventional Energy:
    Pacific Asia Petroleum, Inc. (OTCBB: PFAP)

    Environmental Responsibility:
    Converted Organics, Inc. (NASDAQ: COIN)

    Entertainment Services:
    Tix Corporation (NASDAQ: TIXC)

    Financial Services:
    EDGAR Online, Inc. (NASDAQ: EDGR)
    MyECheck, Inc. (OTCBB: MYEC)
    Paulson Investment Company, Inc. (NASDAQ: PLCC)

    IntegraMed America, Inc. (NASDAQ: INMD)
    Nanogen, Inc. (NASDAQ: NGEN)
    The Quantum Group, Inc. (NYSE Alternext US: QGP)

    Baldwin Technology Company, Inc. (NYSE Alternext U.S.: BLD)

    Security and Technology:
    DRI Corporation (NASDAQ: TBUS)
    ICOP Digital, Inc. (NASDAQ: ICOP)
    IPtimize, Inc. (PINKSHEETS: IPZI)
    Patriot Scientific Corporation (OTCBB: PTSC)

To date, valued conference sponsors include: 

    Dutton Associates
    Elite Financial Communications Group, LLC
    EQUITIES Magazine
    Holland & Knight, LLP
    Lane PR
    Marketwire, Incorporated
    Morse Zelnick Rose & Lander, LLP
    PR Newswire Association LLC
    Vintage Filings, LLC

For more information on sponsorship opportunities, please contact
Tiffany Korkis or John Morrison at Elite Financial Communications
Group by calling 407-585-1080, or via email at Tiffany@efcg.net or
About Paulson Capital Corporation 
Paulson Capital Corporation is the parent company to Paulson
Investment Company, Inc.  Headquartered in Portland, Oregon, Paulson
Investment Company, Inc. is the Northwest's largest independent
brokerage firm and a national leader in public offerings of small and
emerging growth companies with capital needs of $5 million to $45
million.  Founded by Chester "Chet" Paulson in 1970, it has managed
or underwritten 163 securities offerings and has generated more than
$1.2 billion for client companies.  The firm's enduring success stems
from its ability to recognize emerging industry trends and from
supporting emerging companies pioneering positive change and
advancements in those related markets. 
With corporate and independent retail brokerage offices located in 11
states throughout the country, Paulson Investment Company, Inc. aims
to earn and build trust with retail and select institutional investors
through highly customized financial portfolio management, diversified
financial products and service offerings and effective administration
and execution of investment strategies that specifically address
individual risk tolerance levels.  In addition, Paulson Investment
Company, Inc.'s brokerage clients look to the firm for compelling new
investment ideas in the small and emerging growth markets. 
Paulson Investment Company, Inc. was the managing underwriter for the
initial and/or secondary public offerings for one or more of the
presenting companies.  Paulson Investment Company, Inc. may make a
market in one or more of the securities for the presenting companies.
 These markets may, however, be changed at any time without notice. 
Individuals associated with Paulson Investment Company, Inc. and its
officers and/or directors may hold shares in companies affiliated
with this conference and may increase or decrease such holdings
without notice. 
This release may contain "forward-looking statements" based on
current expectations but involving known and unknown risks and
uncertainties. Actual results of achievements may be materially
different from those expressed or implied.  The Company's plan and
objectives are based on judgments with respect to future conditions
in the securities markets as well as general assumptions regarding
the economy and competitive environment in the securities industry,
which can be volatile and out of our control.  In particular, we make
assumptions about our ability to complete corporate finance
transactions and increase the volume and size of our securities
trading operations, which are difficult or impossible to predict
accurately and often beyond the control of the Company.  Therefore,
there can be no assurance that any forward-looking statement will
prove to be accurate. 
Elite Financial Communications Group, LLC
Dodi Handy
President and CEO
email plcc@efcg.net
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